iShares Fallen Angels USD Bond ETF $FALN Stock Holdings Increased by Petix & Botte Co

Petix & Botte Co lifted its holdings in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) by 11.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 246,470 shares of the company’s stock after purchasing an additional 24,802 shares during the quarter. iShares Fallen Angels USD Bond ETF accounts for approximately 1.5% of Petix & Botte Co’s holdings, making the stock its 23rd largest position. Petix & Botte Co’s holdings in iShares Fallen Angels USD Bond ETF were worth $6,586,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Manning & Napier Advisors LLC lifted its holdings in iShares Fallen Angels USD Bond ETF by 2.5% in the first quarter. Manning & Napier Advisors LLC now owns 101,560 shares of the company’s stock worth $2,714,000 after purchasing an additional 2,505 shares during the period. ATX Financial Planning LLC acquired a new position in iShares Fallen Angels USD Bond ETF during the 1st quarter valued at about $2,057,000. Kestra Advisory Services LLC raised its position in shares of iShares Fallen Angels USD Bond ETF by 9.5% during the 1st quarter. Kestra Advisory Services LLC now owns 179,502 shares of the company’s stock worth $4,796,000 after buying an additional 15,543 shares in the last quarter. Addison Capital Co lifted its stake in shares of iShares Fallen Angels USD Bond ETF by 4.8% in the 1st quarter. Addison Capital Co now owns 94,081 shares of the company’s stock worth $2,514,000 after acquiring an additional 4,268 shares during the period. Finally, PUREfi Wealth LLC lifted its stake in shares of iShares Fallen Angels USD Bond ETF by 153.0% in the 1st quarter. PUREfi Wealth LLC now owns 23,865 shares of the company’s stock worth $638,000 after acquiring an additional 14,431 shares during the period.

iShares Fallen Angels USD Bond ETF Trading Down 0.1%

Shares of iShares Fallen Angels USD Bond ETF stock traded down $0.04 on Friday, hitting $27.08. The company had a trading volume of 251,925 shares, compared to its average volume of 1,167,010. iShares Fallen Angels USD Bond ETF has a 52 week low of $26.37 and a 52 week high of $27.79. The business has a 50-day simple moving average of $27.07 and a 200-day simple moving average of $27.18.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were paid a dividend of $0.141 per share. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend was Wednesday, July 1st.

iShares Fallen Angels USD Bond ETF Company Profile

The iShares Fallen Angels USD Bond ETF (FALN) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market value weighted index of bonds that were rated investment grade at issuance, but later downgraded to sub-investment grade. FALN was launched on Jun 14, 2016 and is managed by BlackRock.